Civic Intelligence

Lynn Y Support Inc

EIN 82-0966815 • 501(c)3 • Lynn, MA

Profile

To rehabilitate, construct and expand the ymca located in lynn, ma. Also, to support the young men's christian association of metro north, inc. And develop, initiate, and operate projects that are consistent with community needs in the greater lynn area.

20 Neptune BoulevardLynn, MA 01902

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.98x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

21.67x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

74th percentile

18%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$285,161

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

18th percentile

-3.2%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2022

Revenue Growth

98th percentile

330%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$0

Down $26,796,232 (-100%) from 2023

Liabilities

Down

$0

Down $26,154,675 (-100%) from 2023

Net Assets

Down

$0

Down $641,557 (-100%) from 2023

Operations
Liabilities / Revenue98th percentileNet Margin74th percentile

Revenue

Down

$713,333

Down $262,101 (-27%) from 2023

Expenses

Up

$1,162,068

Up $173,739 (+18%) from 2023

Net Income

Down

-$448,735

Down $435,840 (-3380%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2017: $25,141,196Liabilities 2017: $25,119,465Net Assets 2017: $21,7312017Assets 2018: $25,812,946Liabilities 2018: $25,644,023Net Assets 2018: $168,9232018Assets 2019: $27,085,437Liabilities 2019: $26,701,333Net Assets 2019: $384,1042019Assets 2020: $29,387,797Liabilities 2020: $28,949,524Net Assets 2020: $438,2732020Assets 2021: $28,224,004Liabilities 2021: $27,797,579Net Assets 2021: $426,4252021Assets 2022: $27,510,332Liabilities 2022: $26,855,880Net Assets 2022: $654,4522022Assets 2023: $26,796,232Liabilities 2023: $26,154,675Net Assets 2023: $641,5572023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2017: $26,014Expenses 2017: $4,283Net Income 2017: $21,7312017Revenue 2018: $160,036Expenses 2018: $12,844Net Income 2018: $147,1922018Revenue 2019: $228,030Expenses 2019: $12,849Net Income 2019: $215,1812019Revenue 2020: $67,088Expenses 2020: $12,919Net Income 2020: $54,1692020Revenue 2021: $679,018Expenses 2021: $690,866Net Income 2021: -$11,8482021Revenue 2022: $1,239,569Expenses 2022: $1,011,542Net Income 2022: $228,0272022Revenue 2023: $975,434Expenses 2023: $988,329Net Income 2023: -$12,8952023Revenue 2024: $713,333Expenses 2024: $1,162,068Net Income 2024: -$448,7352024

Highlighted filing

2024

Revenue$713,333
Expenses$1,162,068
Net Income-$448,735
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$713,333
Expenses
$1,162,068
Net income
-$448,735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.71$1.16$0.45
2023Detailed filing. Detailed filing data is available for this year.$26.8$26.2$0.64$0.98$0.99$0.01
2022Detailed filing. Detailed filing data is available for this year.$27.5$26.9$0.65$1.24$1.01$0.23
2021Detailed filing. Detailed filing data is available for this year.$28.2$27.8$0.43$0.68$0.69$0.01
2020Detailed filing. Detailed filing data is available for this year.$29.4$28.9$0.44$0.07$0.01$0.05
2019Detailed filing. Detailed filing data is available for this year.$27.1$26.7$0.38$0.23$0.01$0.22
2018Detailed filing. Detailed filing data is available for this year.$25.8$25.6$0.17$0.16$0.01$0.15
2017Detailed filing. Detailed filing data is available for this year.$25.1$25.1$0.02$0.03$0.00$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Nov 21, 2024
Signed
Apr 14, 2025
Return Version
2024v5.1
Gross Receipts
$713,333
Mission and Program Overview

Mission

To rehabilitate, construct and expand the YMCA located in Lynn, MA. Also, to support the Young Men's Christian Association of Metro North, Inc. and develop, initiate, and operate projects that are consistent with community needs in the greater Lynn area.

Lynn y support, inc. Was formed by young men's christian association of metro north, inc. In 2017 as part of a financing structured under the federal new market tax credit program to rehabilitate, construct and expand the ymca located in lynn, ma. The organization's main objectives are to support the young men's christian association of metro north, inc. And develop, initiate, and operate projects that are consistent with community needs in the greater lynn area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$26,733,062$0▼ $26,733,062
Cash and Non-Interest-Bearing Accounts$63,170$0▼ $63,170
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$26,796,232$0▼ $26,796,232
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,759,455$0▼ $20,759,455
Other Liabilities$5,365,220$0▼ $5,365,220
Accounts Payable and Accrued Expenses$30,000$0▼ $30,000
Total Liabilities$26,154,675$0▼ $26,154,675
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$641,557$0▼ $641,557
Total Net Assets Fund Balance$641,557$0▼ $641,557
Total Liabilities and Net Assets / Fund Balance$26,796,232$0▼ $26,796,232
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleOtherTotal
Lisabeth LafontaineClerk$2,584$2,584

Board Members and Trustees

NameTitle
Kathleen WalshPresident
Bruce MacdonaldDirector
Lisa FerraroDirector
Mary SarrisDirector
Steve HendricksonDirector
Dan ClasbyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$115
Other Revenue
$713,218
Change in Net Assets
$-448,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$713,333
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$6,693,695
Total Revenue per Audited Statements
$7,407,028
Total Revenue per Form 990
$713,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,162,068
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$636,698--$636,698
Interest$433,970--$433,970
Fees for Services Other$91,087--$91,087
Other Expenses$313--$313
Total Functional Expenses$1,162,068$0$0$1,162,068

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,048,585
Expenses Not Reported on Form 990$6,886,517
Expenses per Audited Statements$1,162,068
Total Expenses per Form 990$1,162,068
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The governing board reviews and approves the filing of the form 990 before it is filed.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis the organization's board of directors are required to review the conflict of interest policy and complete a questionnaire. The board of directors and management are required to disclose any potential and all actual conflicts.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, financial statements and form 990 are immediately made available to the public by calling the organization's office, walking into the organization's office or mailing in a request to the organization. The form 990 and financial statements are also available through the massachusetts attorney general's office/website.”

Filing and Contact Details

Filer

Filer Name
Lynn Y Support Inc
EIN
82-0966815
Phone
9787753701
Address
20 NEPTUNE BOULEVARD, LYNN, MA 01902

Signing Officer

Name
Kathleen Walsh
Title
President
Phone
9787753701
Signed
2025-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Walsh
Formed
2017
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Tonneson & Company Pc
Address
401 EDGEWATER PLACE SUITE 300, WAKEFIELD, MA 01880-6208
Preparer
Jody K Booth
Phone
7812459999
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“Lynn y support, inc. (the organization"), a not-for-profit corporation, was formed in massachusetts on march 27, 2017 as a part of a financing structured under the federal new market tax credit program to rehabilitate, construct and expand the ymca located in lynn, massachusetts. The new market tax credit program was concluded during 2024, at which time all outstanding debt obligations were settled, resulting in a gain on extinguishment of debt of $6,663,695. Effective november 21, 2024, the organization was dissolved and the assets were acquired and liabilities assumed by the ymca of metro north, inc., with the ymca of metro north, inc. Remaining as the sole surviving organization. This resulted in an inherent contribution to ymca of metro north, inc. For $6,886,517.”

FORM 990, PART XI, LINE 9:

“Other income write off of payable 30,000. Gain on foregiveness of debt 6,663,695. Inherent contribution to ymca of metro north, inc -6,886,517.”

Part XII, Line 2C

“There have been no changes from the prior year”

Financial Statement Notes

PART X, LINE 2:

“In determining the recognition of uncertain tax positions, the organization applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of november 21, 2024, the organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Gain on forgiveness of debt ($6,663,695) other income write off of payable ($30,000)”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Inherent contribution to ymca of metro north, inc. ($6,886,517) refer to schedule o for additional information regarding these amounts.”

Raw XML AppendixShowing 400 of 487 raw XML fields

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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrincipalOfficerNm0KATHLEEN WALSH
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0454
IRS990/PYOtherExpensesAmt0988329
IRS990/PYOtherRevenueAmt0974980
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-12895
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0988329
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-448735
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0713218
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. (THE "YMCA") HAS A SIGNIFICANT VOICE IN DIRECTING THE ORGANIZATION'S USE OF INCOME AND ASSETS DUE TO THE FACT THAT TWO OF THE BOARD MEMBERS WILL BE APPOINTED BY THE YMCA. IN ADDITION, THE ORGANIZATION'S ORGANIZING DOCUMENTS SPECIFICALLY NAME THE YMCA AS THE ENTITY WHICH IT SUPPORTS. THE ORGANIZATION'S ORGANIZING DOCUMENTS ALSO REQUIRE THAT THE YMCA BE NOTIFIED AND INVITED TO THE ORGANIZATION'S ANNUAL MEETING, RECEIVE ANNUAL AUDITED FINANCIAL INFORMATION AND A SUMMARY OF FINANCIAL SUPPORT PROVIDED TO THE YMCA, AND BE MADE AWARE OF ANY CHANGES TO THE ORGANIZING DOCUMENTS OF THE ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ACTIVITIES OF THE ORGANIZATION ARE RELATED TO DIRECTLY PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSES OF, THE YMCA, AND THE ORGANIZATION SHALL CONDUCT ACTIVITIES THAT WOULD OTHERWISE BE CARRIED OUT BY THE YMCA. THE ORGANIZATION'S PRIMARY FUNCTION IS TO OWN OR LEASE, DEVELOP, FINANCE, AND OPERATE CERTAIN REAL ESTATE, TO FINANCE THE DEVELOPMENT OF SUCH REAL ESTATE UTILIZING NEW MARKET TAX CREDIT FINANCING AS A FINANCING SOURCE, AND TO LEASE SUCH REAL ESTATE TO THE YMCA AT OR BELOW MARKET RENTAL RATES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE ORGANIZATION'S PRIMARY FUNCTION IS TO OWN OR LEASE, DEVELOP, FINANCE, AND OPERATE CERTAIN REAL ESTATE, TO FINANCE THE DEVELOPMENT OF SUCH REAL ESTATE UTILIZING THE NEW MARKET TAX CREDIT FINANCING AS A FINANCING SOURCE, AND TO LEASE SUCH REAL ESTATE TO THE YMCA AT OR BELOW MARKET RENTAL RATES. THE NEW YMCA, DEMAKES FAMILY YMCA, LOCATED IN LYNN, MA, WAS COMPLETED AND OPEN FOR OPERATIONS DURING MAY 2021. THE YMCA IS CURRENTLY LEASING THE BUILDING AT MARKET RATES FROM THE ORGANIZATION. THE DEMAKES FAMILY YMCA IS A 70,000 SQUARE FOOT BUILDING, CONTAINING Y ACADEMY CLASSROOMS, AN ADOLESCENT AND MENTAL HEALTH CLINIC, A TEACHING KITCHEN, A TECHNOLOGY LAB, TWO INDOOR POOLS AND SPLASH PAD, A TRACK & BASKETBALL GYM, FITNESS SPACE, MEETING SPACE, ROOFTOP GARDEN, AND MORE. THIS BUILDING ALLOWS THE YMCA TO EXPAND THEIR OPERATIONS WITHIN THE LYNN COMMUNITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV SECTION D LINE 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV SECTION E LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART IV SECTION E LINE 2B
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042105883
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0YOUNG MEN'S ASSOCIATION OF METRO NORTH INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt06886517
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01162068
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt06886517
IRS990ScheduleD/OtherRevenueAmt06693695
IRS990ScheduleD/RevenueNotReportedAmt06693695
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0713333
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN DETERMINING THE RECOGNITION OF UNCERTAIN TAX POSITIONS, THE ORGANIZATION APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD AND DETERMINES THE MEASUREMENT OF UNCERTAIN TAX POSITIONS CONSIDERING THE AMOUNTS AND PROBABILITIES OF THE OUTCOMES THAT COULD BE REALIZED UPON ULTIMATE SETTLEMENT WITH TAXING AUTHORITIES. AS OF NOVEMBER 21, 2024, THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN ON FORGIVENESS OF DEBT ($6,663,695) OTHER INCOME WRITE OFF OF PAYABLE ($30,000)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INHERENT CONTRIBUTION TO YMCA OF METRO NORTH, INC. ($6,886,517) REFER TO SCHEDULE O FOR ADDITIONAL INFORMATION REGARDING THESE AMOUNTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01162068
IRS990ScheduleD/TotalRevenuePerForm990Amt0713333
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07407028
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08048585
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0340099
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1195140
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt041400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt124796
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt0757
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt19536
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KATHLEEN WALSH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1LISA FERRARO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0382256
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1229472
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0SEE PART III SUPPLEMENTAL INFO
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02024-11-21
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0042105883
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt06886517
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BOOK VALUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt010 CENTENNIAL DRIVE SUITE 105
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0PEABODY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0MA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd001960
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0ON APRIL 22, 2024, THE BOARD OF DIRECTORS OF THE ORGANIZATION VOTED TO AUTHORIZE THE ACQUISITION OF THE ORGANIZATION BY THE YMCA OF METRO NORTH, INC. ("YMCA"). THE TRANSACTION WAS COMPLETED ON NOVEMBER 21, 2024, WITH THE ORGANIZATION MERGED INTO THE YMCA. THE TRANSACTION WAS SUBJECT TO ACQUISITION ACCOUNTING UNDER U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AS REQUIRED. NO CONSIDERATION WAS TRANSFERRED BY THE YMCA AS PART OF THE CHANGE IN CONTROL.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART 1, LINE 1, COLUMN A
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LYNN Y SUPPORT, INC. (THE ORGANIZATION"), A NOT-FOR-PROFIT CORPORATION, WAS FORMED IN MASSACHUSETTS ON MARCH 27, 2017 AS A PART OF A FINANCING STRUCTURED UNDER THE FEDERAL NEW MARKET TAX CREDIT PROGRAM TO REHABILITATE, CONSTRUCT AND EXPAND THE YMCA LOCATED IN LYNN, MASSACHUSETTS. THE NEW MARKET TAX CREDIT PROGRAM WAS CONCLUDED DURING 2024, AT WHICH TIME ALL OUTSTANDING DEBT OBLIGATIONS WERE SETTLED, RESULTING IN A GAIN ON EXTINGUISHMENT OF DEBT OF $6,663,695. EFFECTIVE NOVEMBER 21, 2024, THE ORGANIZATION WAS DISSOLVED AND THE ASSETS WERE ACQUIRED AND LIABILITIES ASSUMED BY THE YMCA OF METRO NORTH, INC., WITH THE YMCA OF METRO NORTH, INC. REMAINING AS THE SOLE SURVIVING ORGANIZATION. THIS RESULTED IN AN INHERENT CONTRIBUTION TO YMCA OF METRO NORTH, INC. FOR $6,886,517.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD REVIEWS AND APPROVES THE FILING OF THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON AN ANNUAL BASIS THE ORGANIZATION'S BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE. THE BOARD OF DIRECTORS AND MANAGEMENT ARE REQUIRED TO DISCLOSE ANY POTENTIAL AND ALL ACTUAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE IMMEDIATELY MADE AVAILABLE TO THE PUBLIC BY CALLING THE ORGANIZATION'S OFFICE, WALKING INTO THE ORGANIZATION'S OFFICE OR MAILING IN A REQUEST TO THE ORGANIZATION. THE FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE/WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER INCOME WRITE OFF OF PAYABLE 30,000. GAIN ON FOREGIVENESS OF DEBT 6,663,695. INHERENT CONTRIBUTION TO YMCA OF METRO NORTH, INC -6,886,517.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THERE HAVE BEEN NO CHANGES FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042105883
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SECURING LONG-TERM FINANCING TO RECONSTRUCT THE LYNN, MA YMCA.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt010 CENTENNIAL DRIVE SUITE 105
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PEABODY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001960
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01

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